New Delhi, Jan. 27 -- Wall Street stocks declined sharply on Monday, as the surging popularity of a low-cost Chinese artificial intelligence model sparked a selloff in chip giant Nvidia and other Big Tech companies.

Nvidia stock crashed over 15 per cent.

Among the Big Tech stocks, Microsoft, Meta Platforms and Google-parent Alphabet lost between 2.2 per cent and 3.5 per cent, while AI server makers Dell Technologies and Super Micro Computer dropped 7.2 per cent and 8.9 per cent.

Shares of power companies, which are expected to see a rise in demand from energy-intensive data centers, also crashed. GE Vernova, Constellation Energy and Vistra plunged about 20 per cent each.

At 09:43 a.m. ET, the Dow Jones Industrial Average fell 125.18 p...